Freehold Royalties (LTS:0UWL) Days Payable : 11.71 (As of Sep. 2024)

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What is Freehold Royalties Days Payable?

Freehold Royalties's average Accounts Payable for the three months ended in Sep. 2024 was C$3.5 Mil. Freehold Royalties's Cost of Goods Sold for the three months ended in Sep. 2024 was C$27.0 Mil. Hence, Freehold Royalties's Days Payable for the three months ended in Sep. 2024 was 11.71.

The historical rank and industry rank for Freehold Royalties's Days Payable or its related term are showing as below:

LTS:0UWL' s Days Payable Range Over the Past 10 Years
Min: 15.05 Med: 19.69 Max: 66.87
Current: 16.25

During the past 13 years, Freehold Royalties's highest Days Payable was 66.87. The lowest was 15.05. And the median was 19.69.

LTS:0UWL's Days Payable is ranked worse than
89.08% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs LTS:0UWL: 16.25

Freehold Royalties's Days Payable declined from Sep. 2023 (12.02) to Sep. 2024 (11.71). It may suggest that Freehold Royalties accelerated paying its suppliers.

Freehold Royalties Days Payable Historical Data

The historical data trend for Freehold Royalties's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Freehold Royalties Days Payable Chart

Freehold Royalties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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16.35

17.95

18.24

15.05

15.44

Freehold Royalties Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															12.02	19.03	20.60	17.52	11.71

Competitive Comparison of Freehold Royalties's Days Payable

For the Oil & Gas E&P subindustry, Freehold Royalties's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Freehold Royalties's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Freehold Royalties's Days Payable distribution charts can be found below:

* The bar in red indicates where Freehold Royalties's Days Payable falls into.

Freehold Royalties Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Freehold Royalties's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4.016	+	4.877)	/	2 )	/	105.112	*	365
=	4.4465					/	105.112	*	365
=	15.44

Freehold Royalties's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (3.543	+	3.397)	/	2 )	/	27.03	*	365 / 4
=	3.47					/	27.03	*	365 / 4
=	11.71

Freehold Royalties Days Payable Related Terms

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Freehold Royalties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Freehold Royalties Ltd (LTS:0UWL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FRHLF:USA 1FH:Germany FRU:Canada

Address

517 - 10 Avenue SW, Suite 1000, Calgary, AB, CAN, T2R 0A8

Website

https://www.freeholdroyalties.com

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville, and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The maximum revenue is generated from the Canada Segment.

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